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P7 INT – IFRS 15, IAS 11 & IAS 18

Forums › ACCA Forums › ACCA AAA Advanced Audit and Assurance Forums › P7 INT – IFRS 15, IAS 11 & IAS 18

  • This topic has 2 replies, 3 voices, and was last updated 10 years ago by Avatarfidget.
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  • December 6, 2015 at 12:23 am #288060
    Avatarkhutaz
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Is it true that in Dec-15 attempt, student can answer revenue question with the reference of IAS 11 or IAS 18 instead of IFRS 15 & will get equivalent credit?

    December 6, 2015 at 10:41 pm #288325
    AvatarAnonymous
    Inactive
    • Topics: 0
    • Replies: 1
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    hey! from which country are you?

    December 7, 2015 at 4:32 pm #288571
    Avatarfidget
    Member
    • Topics: 8
    • Replies: 203
    • ☆☆☆

    @khutaz said:
    Is it true that in Dec-15 attempt, student can answer revenue question with the reference of IAS 11 or IAS 18 instead of IFRS 15 & will get equivalent credit?

    Unlikely. I’ve said this on 2 previous threads about this, and here I am saying it again: The IFRS/IAS examinable at P7 are the same as those examinable at P2.

    If you look at the list of currently examinable documents at P2, you will not find IAS 11 or IAS 18 on the list. You will, however, find IFRS15.

    Not that it really matters now since the exam is over.

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